Reverse Mortgage Finance

Follow me
By
Mortgage and Lending - Atlantic Coast Mortgage, LLC NMLS ID # 643114 (www.nmlsconsumeraccess.org) - NMLS ID # 139177
Learn the ins and outs of reverse mortgage financing from a seasoned expert with thousands of closed transactions.

ARCHIVED BLOG POSTS

2012 

Wall Street Journal Reports: MetLife Exiting Reverse Mortgage Business   By MIA LAMAR / Wall Street Journal MetLife Inc. said Thursday it is selling its reverse mortgage business, its latest move to avoid increased regulatory scrutiny and stay focused on its core operations. The U.S.'s largest li...
04/26/2012
Senior Home Equity Increases in 4Q Data released by NRMLA shows senior home equity increased by $30 billion in the fourth quarter of 2011.  Seniors have $3.22 trillion in home equity available, according to the most recent NRMLA/Risk Span Reverse Mortgage Market Index (RMMI) report.    “Our natio...
04/19/2012
Today Show crash course on Reverse Mortgages.  Brief segment but some good information.  Borrowers must be 62 or older to qualify and the loan must be secured by a primary residence.  There is no limit to what funds can be used for including purchase of investment property and/or second homes.   ...
04/13/2012
Last week a Senior buyer I had pre-qualified for a new home purchase was out looking in a new home development.  When he explained to the site agent at the 55+ FHA approved community that he was going to finance the new house with an FHA insured (HECM) Reverse for Purchase she replied "I never he...
04/10/2012
Rainer
6,915

NeilSweren

HECM Reverse Purchase Specialist
local_phone(443) 738-9121
smartphone(410) 977-8870
Contact The Author
Learn the ins and outs of reverse mortgage financing from a seasoned expert with thousands of closed transactions.